Storage Centres in $90m Deal

 Storage Centres in $90m Deal

Storage centres at Currumbin and Nerang have sold as part of a $90million 11-property deal negotiated by National Storage and Investec Bank (Australia).

The centres, leased by National Storage, have been acquired by Investec Property Opportunity Fund - six from APN National Storage Property Trust and five from National Storage Group entities.

The 11 properties are at Cannon HIll and Browns Plains, in South East Queensland, and at Sydney, Perth and Hobart.

The deal provides the Investec fund more than 41,000spm of dedicated storage space.